Incidental overnight expenses –A little known tax break
Expenses incurred by an employee on behalf of a company can only be reimbursed under the ‘wholly, exclusively and necessarily’ rules for work undertaken ‘in
Expenses incurred by an employee on behalf of a company can only be reimbursed under the ‘wholly, exclusively and necessarily’ rules for work undertaken ‘in
A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends. Why pay a salary? There are a
To ensure that a business does not pay more income tax than it needs to, it is important that a deduction is claimed for all
Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the expenditure
Directors’ loan accounts – avoiding the risks HMRC produce a series of toolkits which set out common errors that they find in returns. The hope
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